Here’s why we’re not sweating Amazon’s light second-quarter guidance
From CNBC: 2024-05-01 12:10:20
On Wednesday, U.S. stocks were mixed ahead of the Federal Reserve’s policy decision. Fed chair Jerome Powell is expected to speak at 2:30 p.m. ET. DuPont De Nemours stock surged 8% after reporting positive signs in its semiconductor business. Estee Lauder shares dropped 10% despite strong earnings, with concerns over its outlook. Amazon’s quarterly results impressed, but shares saw limited gains due to conservative guidance. The Club raised its AMZN price target to $200, optimistic about its growth potential. Jim Cramer’s Charitable Trust is long AMZN, EL, and DD. Subscribers receive trade alerts before Jim makes a move, following specific guidelines to ensure transparency and trust.
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